Research Seminar by Alexey Kushnir (Carnegie Mellon University)

On Thursday, December 17 at 4.40 pm International College of Economics and Finance will hold the Research Seminar.
Speaker: Alexey Kushnir (Carnegie Mellon University)
Theme: "A Geometric Approach to Mechanism Design"
Venue: Shabolovka st., 26, room 3211

Abstract: We apply basic techniques from convex analysis to develop a simple and unified treatment of optimal mechanism design. Our approach clarities the literature on reduced form implementation and generalizes it to social choice environments. We incorporate incentive compatibility using well-known results from majorization theory and prove equivalence of Bayesian and dominant-strategy implementation. We derive the optimal mechanism for any social choice problem and any linear objective of agent values using standard micro-economic tools such as Hotelling's lemma. Finally, we extend our results to concave objectives of agent values and payments by providing a fixed-point equation characterizing the optimal mechanism.

Everyone interested is welcome to attend!

Pass can be ordered by:
Phone: (495)772-95-90*26090
e-mail: vzheleznov@hse.ru
contact: Zheleznov Slava 

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